Potassium Bicarbonate Price Trend and Forecast

Potassium Bicarbonate Regional Price Overview

Get the latest insights on price movement and trend analysis of Potassium Bicarbonate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Potassium Bicarbonate Price Trend for Q1 of 2024

Throughout the first quarter of 2024, the potassium bicarbonate market demonstrated resilience with stable phases interspersed with minor fluctuations across Asia, Europe, and North America. In Asia, the market's initial price drops were affected by limited changes within the agricultural sector and reduced cost support, compounded by festive delays due to the Chinese New Year and spring festivities.
 

Potassium Bicarbonate Price Chart

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These factors led to decreased production and slower shipments, which, along with disruptions in the Red Sea shipping routes, adversely impacted exports to Europe and the U.S., leading to weakened market conditions. Meanwhile, in Europe, particularly in Germany, there was a notable increase in potassium bicarbonate prices driven by a global rise in demand and constricted supply chains. This uptrend was supported by positive agricultural sentiment as the spring sowing season commenced, despite a slow start due to a decrease in overseas purchases and challenges in the production sector.

In North America, the market experienced a relatively positive trend, primarily influenced by constrained supplies due to the Red Sea crisis and an uptick in demand from the fertilizer sector. This was further bolstered by favorable planting conditions for key crops such as corn, cotton, and sorghum, which had suffered from prolonged droughts. Collectively, these conditions across the regions contributed to a generally upward trajectory in potassium bicarbonate prices during the period.

Analyst Insight

According to Procurement Resource, not much change is expected in the Potassium Bicarbonate prices immediately; however, inventory pressure can rise in the long term.

Procurement Resource provides latest prices of Potassium Bicarbonate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.